Vidanta lied and said they would “buy” my worldmark timeshare.

[Chilesmith]

Long story short. I bough a Vidanta vacation membership package. The only reason was because they said they would buy my timeshare and give me a credit to use on a future upgrade, I just needed to pay the $1871 transfer fee when they called. Now it’s that time and Vidanta isn’t buying it they just want me to pay that to list it and pay the maintenance fees until it sales and 150 days after it sales. Or I can list it for $4000 and still get to use it until it sales. I’m avoiding them at the moment. What happens if I just ignore them indefinitely? I would have never bought Vidanta if I understood that all I was doing is putting my worthless timeshare up for sale, hoping someone will buy it. Can I just dispute the charge on my credit card Vidanta charged me for my package and cancel it?

 

[LannyPC]

You can definitely try disputing it with your credit card. It's no guarantee, however, because the CC might rule that what Vidanta sold you was valid.

We just need you to clarify, did you buy this "vacation membership package" at one of those timeshare sales presentations? If so, when? If so, you have up to five days from when you signed the contract to rescind this purchase.

How much money have you paid so far from the time that you purchased this "vacation membership package"?

Sadly, this sounds like a long-standing trick that a lot of TS sales people in Mexico pull, lying to you telling you that they will buy back or trade in what you currently own and put that money or trade-in value towards a new purchase only to tell you that after you purchase, they don't want or need what you originally had.

As you can see, many TS sales people are notorious for lying.

 

[VacationForever]

Mexican timeshares often use this ploy of giving buyers a credit for what they own against their purchase as a trade-in, but none of them actually takes the timeshare back. They don't want it. However, you can sell your Worldmark ownership if it is fully paid up. It has some value. Go to wmowners.com, a forum for Worldmark owners and you can either list it for sale yourself or use one of the trusted brokers on the site.

 

[dioxide45]

They didn't buy your Worldmark and they never intended to. The price you paid was probably above the floor price that they would sell it for even without your "trade in". The trade in is a big ripoff. You will end up with the timeshare in the end.
Here is a video from a former TS sales person who worked in Mexico explaining how it works;

 

[cdhendricks75]

Long story short. I bough a Vidanta vacation membership package. The only reason was because they said they would buy my timeshare and give me a credit to use on a future upgrade, I just needed to pay the $1871 transfer fee when they called. Now it’s that time and Vidanta isn’t buying it they just want me to pay that to list it and pay the maintenance fees until it sales and 150 days after it sales. Or I can list it for $4000 and still get to use it until it sales. I’m avoiding them at the moment. What happens if I just ignore them indefinitely? I would have never bought Vidanta if I understood that all I was doing is putting my worthless timeshare up for sale, hoping someone will buy it. Can I just dispute the charge on my credit card Vidanta charged me for my package and cancel it?

I am going thru this exact same thing right now. TRM is calling for the 1879, or the 3999. What did you end up doing? My TS is paid for, so if I still have to pay maintenence fee, I might as well use it. Did you pay TRM? Did they make a big deal outta the money from equity contract agreement you signed??

 

[T-Dot-Traveller]

@cdhendricks75 - chilesmith was last seen on TUG Nov 4th
You could try a Conversation PM .

Regardless - just follow the advice given to you in this thread :

Just bought Vida & TRM wants to sell my HGVC

********
This is like installing snow tires - you can do it yourself for free or you can pay someone.
$ 1871 is a lot to "install snow tires"

Either way you currently own 2 sets of tires [ ie - Timeshares ]